Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Netanyahu: If Lebanese Army takes steps to disarm Hezbollah, Israel will engage in reciprocal measures, including phased reduction of Israeli military presence in Lebanon
Al Mayadeen's correspondent: Photojournalist Houssam Al-Masri martyred, reporters Hatem Omar, Mohammad Ashraf Salameh injured in Israeli strike on Nasser Medical Complex.
Israeli media: Intense US efforts are being made to resolve differences, such as the issue of the Israeli presence on Mount Hermon and in southern Syria
Israeli media: The security agreement means amending the disengagement agreement, which will also address the Druze issue
Israeli media: Attempts to reach a security agreement between 'Israel' and Syria were among the topics discussed at the Paris meeting
Israeli media: Sheikh Muwaffaq Tarif rejected a US proposal to join the recent tripartite meeting between Tom Barrack, al-Shaibani, and Dermer
Saba News Agency: Two martyred, five injured in a preliminary toll of the Israeli aggression on the Yemeni Oil Company station on Al-Sitteen Street in Sanaa
Senior Yemeni military source to Al Mayadeen: We observed a state of confusion among the enemy's aircraft squadron after Yemeni air defenses intercepted the attack
Senior Yemeni military source to Al Mayadeen: The Yemeni air defense forces succeeded in neutralizing a squadron of enemy aircraft and prevented airstrikes on some governorates
Senior Yemeni military source to Al Mayadeen: Our air defenses and missile forces forced a formation of enemy aircraft to flee the airspace

Putin, Xi to discuss closer gas, financial ties during Olympics visit

  • By Al Mayadeen Net
  • Source: Agencies
  • 2 Feb 2022 20:04
3 Min Read

In circumvention of US sanctions, Russia and China are expected to sign agreements that would boost their cooperation on various spheres and could see Russia supplying China with gas through several channels.

  • x
  • Russian President Vladimir Putin and Chinese President Xi Jinping in Brasilia, Brazil, November 13, 2019 (Reuters)
    Russian President Vladimir Putin and Chinese President Xi Jinping in Brasilia, Brazil, November 13, 2019 (Reuters)

Russia and China will discuss closer financial and gas ties during President Vladimir Putin's visit to Beijing in light of the Winter Olympics that will take place in two days, the Kremlin said Wednesday.

Moscow is currently examining a long-held idea for a new gas pipeline to China, and it could be one of the 15 agreements that the two leaders are likely to sign during their meeting on Friday, with many more natural gas deals underway, Kremlin aide Yuri Ushakov told reporters.

Putin's attendance at the Olympics marks a very important gesture from Moscow, as the West, spearheaded by the United States, has boycotted the Olympic games in a bid to undermine China, and the Russian leader is one of the few world leaders that will show up at the opening ceremony already heavily impacted by the COVID-19 pandemic.

Read: Russia: Games should be "free of politics"

Ushakov said Moscow and Beijing were looking at the possibility of building a new gas pipeline to China through Mongolia, which has been discussed for a long time.

Related News

France summons US ambassador over 'antisemitism' letter

CDC confirms first flesh-eating screwworm case in US

Russia has been delivering gas to China via an existing pipeline, the Power of Siberia, a 4,000 km project, since 2019, and it took Moscow and Beijing around a year to reach an agreement on supply terms.

  • Russian pipline routes to China
    Russian pipeline routes to China (Gazprom)

Putin's visit comes as the West is questioning the reliability of Russian gas supplies to Europe, though Moscow is keen to prove that it has other options even if they do not entail pulling Europe out of its energy crisis.

Hungary and Russia adopted joint plans for cooperation on energy, industry, healthcare, food, and space exploration on Tuesday.

The agreement between Budapest and Moscow on the latter supplying Hungary with fuel until 2036 ensures that the EU member state would be buying fuel at a lower price than it would be on the European market, Russian President Vladimir Putin said.

"It is worth noting that the Chinese gas market is the most promising and fastest-growing in the world," Ushakov stressed as China overtook Japan as the world's largest importer of sea-borne liquefied natural gas.

Gas prices in Europe reached all-time highs in December amid soaring demand and limited supply affected by the COVID-19 pandemic that saw the economies going in the driver seat once again following a long hiatus that did not require much energy production.

According to Ushakov, Russia and China were pushing for the creation of a financial infrastructure that would overcome any attempt to sanction Moscow or Beijing as the West is threatening sanctions in light of soaring tensions over Ukraine.

The delegation that will arrive in China on Friday will include Foreign Minister Sergey Lavrov, Energy Minister Nikolai Shulginov, and Igor Sechin, CEO of oil major Rosneft, reflecting the seriousness of establishing agreements between the two major powers.

  • United States
  • Sergey Lavrov
  • Beijing
  • Siberia
  • Russia
  • Beijing Winter Olympics 2022
  • 2022 Winter Olympics
  • Germany
  • Olympic Games
  • China
  • Ukraine
  • Nord Stream 2
  • Vladimir Putin

Most Read

Tom Artiom Alexandrovich, executive director of the defense division of the Israeli National Cyber Directorate, undated (Social media)

Israeli-born US prosecutor drops Israeli officer child sex crime

  • Politics
  • 19 Aug 2025
Displaced Palestinians walk through a makeshift camp along the beach in Gaza City, Sunday, Aug. 10, 2025 (AP)

Hamas, other factions accept Egypt-Qatar ceasefire proposal: Exclusive

  • Politics
  • 18 Aug 2025
Palestine will not be liberated by UN reports, but by pursuing a different strategic horizon: one that does not beg for recognition. (Al Mayadeen English; Illustrated by Batoul Chamas)

Economy of Genocide: Albanese's report accuses, but doesn't dismantle system

  • Opinion
  • 18 Aug 2025
Israeli soldiers stand on the top of armoured vehicles parked on an area near the Israeli-Gaza border, as seen from southern Israel, Wednesday, Aug. 20, 2025 (AP)

Palestinian fighters target Israeli soldiers, vehicles in Gaza

  • Politics
  • 21 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli Prime Minister Benjamin Netanyahu speaks during a press conference at the Prime minister's office in al-Quds, Occupied Palestine, Sunday, Aug. 10, 2025 (AP)
Politics

Netanyahu deliberately derailing truce with Gaza occupation: Hamas

Irish President Michael Higgins arrives to deliver his speech during a 42nd World Food Day celebration at FAO headquarters in Rome, on Oct. 16, 2023. (AP Photo/Alessandra Tarantino)
Politics

Irish president renews call for UN military intervention in Gaza

US Ambassador to Turkey and Special Envoy to Syria Tom Barrack speaks during an interview with The Associated Press at the US Embassy in Aukar, northern suburb of Beirut, Lebanon, Monday, July 21, 2025 (AP)
Politics

US envoy, Netanyahu discuss restraining attacks on Lebanon, withdrawal

Smoke billows following Israeli airstrikes in multiple areas in Sanaa, Yemen, Sunday, Aug. 24, 2025 (AP)
Politics

Ansar Allah vow sustained Gaza support despite Israeli strikes

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS